Joseph E. Stiglitz Guide, Meaning , Facts, Information and Description
Joseph Stiglitz (born February 9, 1943) is an American economist, author and Nobel laureate (2001). He is probably the most famous contemporary left-leaning economist.
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2 Professional life 3 Personal information 4 Quotations 5 External links |
Early life
Stiglitz was born in Gary, Indiana, to Charlotte and Nathaniel Stiglitz. From 1960 to 1963, he studied at Amherst College. He went to MIT for his fourth year as an undergraduate and later to pursue graduate work. From 1965 to 1966, he studied at Cambridge University after receiving a Fulbright Fellowship. In subsequent years, he taught at MIT and Yale.
Stiglitz currently teaches at the Graduate School of Business at Columbia University and is editor of The Economists' Voice journal with Bradford DeLong and Aaron Edlin.
In addition to making numerous influential contributions to microeconomics, Stiglitz has played number of policy roles. He served in the Clinton Administration as the chair of the President's Council of Economic Advisors (1995 – 1997). At the World Bank, he served as Senior Vice President and Chief Economist (1997 – 2000), before he was forced out by Treasury Secretary Lawrence Summers.
Stiglitz' most famous research was on screening, a technique used by one economic agent to extract otherwise private information from another. It was for this contribution to the theory of information asymmetries that he shared the Nobel prize with
George A. Akerlof and A. Michael Spence.
Along with his technical economic publications, Stiglitz is the author of Whither Socialism, a nonmathematical book providing an introduction to the theories behind economic socialism's failure in Eastern Europe, the role of imperfect information in markets, and misconceptions about how truly "free market" our free market capitalist system operates. In 2002, he wrote Globalization and Its Discontents, where he asserts that the International Monetary Fund puts the interest of "its largest shareholder," the United States, above those of the poorer nations it was designed to serve. Stiglitz offers some reasons why globalization has engendered the hostility of protesters, such as those at Seattle and Genoa.
Stiglitz's first two marriages ended in divorce. He was married for the third time on October 29, 2004, to Anya Schiffrin, who works at the School of International and Public Affairs at Columbia University.
This is an Article on Joseph E. Stiglitz. Page Contains Information, Facts Details or Explanation Guide About Joseph E. Stiglitz Professional life
Personal information
Quotations
External links